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Showing results for tags 'momentum'.
Found 7 results
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Although it is not labeled as such, the chart below is a 10-minute chart of the S&P mini’s for Wednesday, September 5, 2012. Late in the day the market had a sell-off over a 20- to 30-minute period. Then, at the point marked “1.”, we see a black inside candle (an inside candle is one where the entire range of the candle is inside the range of the previous candle). Then we see higher lows and higher highs as the market carefully tests the reversal up, briefly dips back into the range, then climbs consistently up again. Professional traders know not to arbitrarily jump in front of a trending market – that’s a great way to get slaughtered. The reason is simple: you never know how far the market will move before it reverses. It’s a lot like jumping on the train tracks and hoping the train stops before you get run over. Wait until the market shows it has stopped, then enter your position. The correct way to play most reversals is to let the market show you the move is over. How? By watching the move stop, and then go sideways for a time before moving up again. That’s what the big players do – they have to (they are risking a lot more than we are). The right place to enter a buy is the third candle after the candle marked “1”. The first two candles following the candle marked “1” show a possible end to the downward trend – meaning selling strength is over for the time being. But as the market climbs above the 140200 area where momentum has shifted, we get a new uptrend, by definition: higher highs and higher lows. And as confirmation, we have already seen an entry signal in our stochastics indicator. Also, the low was established and has not been broken for 20-30 minutes. By buying at this point, you could risk 150-200 (6-8 ticks) to make 200-400 (8-16 ticks), not the best risk-to-reward ratio, but not bad for a trade with good odds for success. Many Profitable Returns, Trader Gregg Mr. Killpack has been studying the markets since 1988. He has read over 40,000 pages about trading and investing strategies, fundamental and technical analysis, and related topics. He began day trading in 2001. TopstepTrader http://www.topsteptrader.com seeks to find and develop undiscovered trading talent from around the world. While in our program, those who display a strong trading skill and aptitude will be backed as a fully-funded trader.
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Coppock Curve The Coppock curve, created by E.S.C. Coppock, is a technical analysis indicator for long-term stock market investors. It was first published in Barron's Magazine on October 15, 1962. The indicator is designed for use on a monthly time scale. It's the sum of a 14-month rate of change and 11-month rate of change, smoothed by a 10-period weighted moving average. Coppock, the founder of Trendex Research in San Antonio, Texas, was an economist. He had been asked by the Episcopal Church to identify buying opportunities for long-term investors. He thought market downturns were like bereavements and required a period of mourning. He asked the church bishops how long that normally took for people, their answer was 11 to 14 months and so he used those periods in his calculation. A buy signal is generated when the indicator is below zero and turns upwards from a trough. No sell signals are generated (that not being its design). The indicator is trend-following, and based on averages, so by its nature it doesn't pick a market bottom, but rather shows when a rally has become established. Coppock designed the indicator (originally called the "Trendex Model") for the S&P 500 index, and it's been applied to similar stock indexes like the Dow Jones Industrial Average. It's not regarded as well-suited to commodity markets, since bottoms there are more rounded than the spike lows found in stocks. source: Wikipedia This indicator may be displayed as a curve, or as a histogram The color.mode setting is 0 for histogram, 1 for curve A delta line (Diff) is added for faster fractal analysis. (daily or intraday) note: This EasyLanguage indicator was written in MultiCharts. I have not tested it in TradeStation or other compatible programs. Please refer to your users manual for importation instructions. TL_Coppock.pla TL_Coppock_Curve.txt
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Hi I found this very interesting tool for Ninjatrader. It's a mix of a vidya and a kind of so called cmo-momentum oscillator, which uses up and downticks - so far my understanding......... Someone may be able to convert this to EL ? Thanks a lot Jojo:helloooo: VMAZones_BigMike.zip
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Hello Guys, I came across an indicator that is a combination of volume nad price nad shows momentum on both: http://www.positiveterritory.com/do/tw/vpmo11.htm Are you using this or pehaps can you code it in easy language for MultiCharts? Regards
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CMI - Chande Momentum Indicator Also known as CMO - The Chande Momentum Oscillator. The Chande Momentum Indicator was created by Tushar Chande and is described in his book The New Technical Trader. The Chande Momentum Indicator is closely related to the Relative Strength Index. It differs from RSI and Stochastics by using information from both up and down days. It is similar to RSI and Stochastics that you are looking for overbought and oversold signals. The overbought level is at +50 and the oversold level at -50. These levels approximate the 70/30 levels on the Relative Strength Index. The CMI is also useful to spot trends, used in a similiar manner as the Vertical Horizontal Filter (VHF). The higher the Chande Momentum Indicator the stronger the trend. Buy when a long period CMI crosses above the short period moving average of the CMI. Sell at the converse. Chande Momentum Indicator (MultiCharts).pla
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VIDYA - The Variable Index Dynamic Index by Tushar Chande VIDYA is basically an adaptive exponential moving average. The adaptation speed is determined by market momentum, as measured by "AbsCMO", the absolute value of the Chande Momentum Oscillator. This indicator is described in Chapter 3 of Dr. Chande's book "The New Technical Trader". VIDYA_(MultiCharts).pla
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Hi I have found this momentum indication from one of the website anyone out there can code this? thanks
